LIABILITY TO UNIT-LINKED HOLDERS continued

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 128

30. MARKETABLE SECURITIES ISSUED

By type and currencies: December 31, December 31, 2015 2014 Rupiah : Related parties Note 55 Bonds 537,750 387,000 Subordinated notes sharia mudharabah 50,000 50,000 Total 587,750 437,000 Third parties Bonds 1,287,250 840,000 Subordinated notes sharia mudharabah 450,000 450,000 Mandiri travelers’ cheques 77,204 84,692 Medium-term notes MTN - 200,000 Others 564 564 Total 1,815,018 1,575,256 2,402,768 2,012,256 Less: Unamortised issuance cost 4,590 2,631 Net 2,398,178 2,009,625 Bonds On December 18, 2015, the Subsidiary PT Mandiri Tunas Finance issued and registered Continuous Bonds II Mandiri Tunas Finance Phase I year 2015 Continuous Bonds II Phase I to the Indonesia Stock Exchange with a nominal value of Rp600,000, which consist of 2 two series: Bonds Nominal value Fixed interest rate per annum Maturity date Series A 500,000 10.20 December 18, 2018 Series B 100,000 10.80 December 18, 2020 The trustee for Continuous Bonds II PT Mandiri Tunas Finance Phase I year 2015 is PT Bank Mega Tbk. As of December 31, 2015, based on Pefindo’s rating for Continuous Bonds II Mandiri Tunas Finance Phase I is idAA double A. On June 9, 2015, the Subsidiary PT Mandiri Tunas Finance issued and registered Continuous Bonds I Mandiri Tunas Finance Phase III year 2015 Continuous Bonds III to the Indonesia Stock Exchange with a nominal value of Rp150,000 as follows: Bonds Nominal value Fixed interest rate per annum Maturity date Continuous Bonds I Phase III 150,000 9.75 June 9, 2018 The trustee for Continuous Bonds I Mandiri Tunas Finance Phase III year 2015 is PT Bank Mega Tbk. PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 129

30. MARKETABLE SECURITIES ISSUED continued Bonds continued

On May 23, 2014, the Subsidiary PT Mandiri Tunas Finance issued and registered Continuous Bonds I Mandiri Tunas Finance Phase II year 2014 Continuous Bonds I Phase II to the Indonesia Stock Exchange with a nominal value of Rp600,000, which consist of 2 two series: Bonds Nominal value Fixed interest rate per annum Maturity date Series A 425,000 10.70 May 23, 2017 Series B 175,000 10.85 May 23, 2018 The trustee for Continuous Bonds I Mandiri Tunas Finance Phase II year 2014 is PT Bank Mega Tbk. On June 5, 2013, the Subsidiary PT Mandiri Tunas Finance issued and registered continuous Bonds I PT Mandiri Tunas Finance Phase I Year 2013 “Continuous Bonds I” with a nominal value of Rp500,000, which consist of 2 two series: Bonds Nominal value Fixed interest rate per annum Maturity date Series A 425,000 7.75 June 5, 2016 Series B 75,000 7.80 June 5, 2017 The trustee for Continuous Bonds I Mandiri Tunas Finance Phase I is PT Bank Mega Tbk. On December 31, 2015, the rating for Continuous Bonds I PT Mandiri Tunas Finance Phase I, II and III is idAA double A. On May 20, 2011, the Subsidiary PT Mandiri Tunas Finance issued and registered Mandiri Tunas Finance Bonds VI Year 2011 Bonds VI at the Indonesian Stock Exchange formerly the Surabaya Stock Exchange with a nominal value of Rp600,000 consisting of 4 four series: Bonds Nominal value Fixed interest rate per annum Maturity date Series A 48,000 8.60 May 23, 2012 Series B 52,000 9.60 May 19, 2013 Series C 350,000 10.00 May 19, 2014 Series D 150,000 10.70 May 19, 2015 Mandiri Tunas Finance Bonds VI Year 2011 Series A for Rp48,000, Series B for Rp52,000, Series C for Rp350,000 and series D for Rp150,000 had been paid at the maturity date. The trustee for Mandiri Tunas Finance Bonds VI Year 2011 is PT Bank Mega Tbk. On December 31, 2014, the rating for Bonds VI is idAA double A.